Facebook Confronts Bipartisan Resistance to Cryptocurrency Plans – The Wall Street Journal

WASHINGTON—The Trump administration raised national security concerns about Facebook Inc.’s plans to launch a cryptocurrency as a growing chorus of U.S. and international officials voiced resistance to the tech giant operating its own digital money.

“Many players have attempted to use cryptocurrencies to fund their malign behavior. This is indeed a national security issue,” Treasury Secretary Steven Mnuchin said in remarks at a Monday news briefing. Should Facebook develop its digital coin, called Libra, to “have a payments…

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